Word: basic
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Dates: during 1930-1939
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Tactfully Premier Hertzog said no more last week than that his Government "plans" to have the South African branch of the Royal Mint strike very shortly a new basic coin containing 113 grains of fine gold. Great Britain's pound, while on the gold standard, was also equivalent to 113 grains of fine gold, and South Africa's pound still is. Thus the Union's new unit will have exactly the same value as her present unit; but it will have a gorgeous, glowing 100% South African name, "the Rand...
...will be essentially between Sidney S. Lenz, long-recognized bridge authority and Ely Culbertson, young, brilliant, individualistic and-to conservatives-extremely unpopular contract expert. The match was arranged after months of acrimonious wrangling, conducted with due regard to the publicity value of a grudge fight, but also representing a basic disagreement as to how contract hands should...
...suggested that, if a road reduced a freight rate after accepting the carload increase, the cut be made from the basic rate and not from the sur-rate, thereby insuring a full flow of excess revenue into the credit pool. The A. of R. E. petition protested this arrangement on the ground that roads were justified in cutting some rates to retain business and should not be asked to contribute any part of their present revenue to the pool...
...orders in the U. S. This year Amtorg has placed only $49,400.000, a decline in Soviet purchases from the U. S. of 52%. Last week Chairman Peter A. Bogdanov of Amtorg explained & complained: "It must be clear to any one engaged in large commercial operations that the basic prerequisite is adequate banking accommodations. These have not been provided in the United States with respect to Soviet business...
...Universe, to Sir James Hopwood Jeans, is a machine that is spending itself, expanding like a soap bubble, using up its energy until eventually it will run itself out. Fundamental principle of the Jeans theory is a basic law of physics embodied in the second law of thermodynamics: energy can flow only from a more intense state of availability to a less intense state. Professor Richard Chase Tolman of the California Institute of Technology applied Professor Albert Einstein's relativity theory to thermodynamics, worked out a mathematical model of the universe in which energy does not flow continually downward...